American taxi service Uber Technologies Inc. agreed to purchase Postmates food delivery service, Uber said.
It is assumed that the transaction will be settled in shares – Uber will issue about 84 million ordinary shares to acquire 100% of Postmates shares. The value of the transaction, the completion of which is expected in the first quarter of 2021, is estimated at 2.65 billion dollars.
The boards of directors of both companies have already approved the transaction, now approval of Postmates shareholders and regulators is expected.
It is noted that the deal will combine Uber Eats ‘global food delivery platform with Postmates’ unique US business.
“We are very pleased to welcome Postmates to the Uber family as we innovate together to provide the best experience for consumers, couriers and sellers across the country,” Uber CEO Dara Khosrowshahi said in a statement.
Thus, the company confirmed the messages about the deal, which appeared in the media in late June. Uber shares in preliminary trading on Monday are up almost 9%.
San Francisco-based Postmates food delivery service was founded in 2011. Uber is a car transportation service that allows you to order a private taxi. The company was established in 2009, its headquarters is located in San Francisco.
Today, Uber services are available in more than 100 cities around the world. The company receives a commission from taxi drivers in the amount of 20% of each call.